Here’s what you should know:

• Fluidstack, an AI cloud platform, is set to expand its services at TeraWulf’s Lake Mariner data center campus.
• In conjunction with this move, Google has agreed to contribute an additional $1.4 billion to the project’s debt financing, securing warrants for 32.5 million WULF shares.
• Following a recent spike of over 50% in share value prompted by the announcement from Fluidstack and Google, WULF shares have risen by another 10% in premarket trading.

Overview

Fluidstack is expanding at TeraWulf’s Lake Mariner in Western New York, with a new data center, CB-5, set to provide 160 MW of critical IT support. Operations are expected to begin in late 2026 as stated in a press release.

Additionally, Google is increasing its financial backing, bringing its total investment to $3.2 billion and now owning 14% of TeraWulf. Paul Prager, the CEO of TeraWulf, stated:

“This expansion underscores the unmatched scale and capabilities of the Lake Mariner campus.”

“By adding CB-5, we are not only increasing our contracted capacity with Fluidstack, but also further deepening our strategic alignment with Google as a critical financial partner in delivering the next generation of AI infrastructure.”

WULF shares are trending positively, nearly doubling in value since the initial Fluidstack and Google announcement last week.